After 2 Consecutive Quarters of Negative Economic Growth, Is America in a Recession?

Posted on AllSides July 28th, 2022
From The Right
ANALYSIS

Economic reality cannot be denied—but can it be redefined?

That's what the Biden administration is about to find out, following the release on Thursday morning of a report from the Bureau of Economic Analysis (BEA) showing that the United States has endured back-to-back quarters of negative economic growth—a situation that meets the standard definition of a recession.

According to the BEA's assessment, the country's economic growth slipped to an annualized rate of -0.9 percent in the second quarter of the year (which ended on June 30). That comes on the heels of...

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https://reason.com/2022/07/28/after-2-consecutive-quarters-of-negative-economic-growth-is-america-in-a-recession/

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